This acquisition will enable Pricol to scale the injection moulding business into an independent business vertical and leverage SACL’s strength combined with its capabilities.
02 Dec 2024 | 14891 Views | By Autocar Professional Bureau
Pricol has acquired Sundaram Auto Components Ltd (SACL)’s Injection Moulding business via its wholly owned subsidiary Pricol Precision Products Private Limited, for Rs 215.3 crore. This debt free all cash acquisition will add a consolidated topline of approximately Rs 730 crore, as per the company press release.
This acquisition ...
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Pricol has acquired Sundaram Auto Components Ltd (SACL)’s Injection Moulding business via its wholly owned subsidiary Pricol Precision Products Private Limited, for Rs 215.3 crore. This debt free all cash acquisition will add a consolidated topline of approximately Rs 730 crore, as per the company press release.
This acquisition will enable Pricol to scale the injection moulding business into an independent business vertical and leverage SACL’s strength combined with its capabilities.
A part of TVS Motor Company, Sundaram Auto Components Limited is known for its polymer solutions and cutting-edge injection moulding capabilities.
Vikram Mohan, the Managing Director of Pricol Limited said, With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth.”
“SACL has played a vital role in the TVS group for many years, establishing a significant presence in the Indian automotive component industry. As market dynamics evolve, and we allocate capital more efficiently in accordance with our strategic plans, we are delighted that Pricol, our trusted long-term supplier partner, is taking over the business,” said K Gopala Desikan, Group CFO of TVS Motor Company.
Through focussed and well-defined products and solution offerings, we aim to redefine industry standards with clear roadmap for growth whilst creating lasting value for all of our stakeholders”, added Siddharth Manoharan, Group Director of Strategy, Pricol.